Crocus Technology has been making significant strides in recent years, with a major boost from acquisition funding. This influx of capital has enabled the company to accelerate its research and development efforts.
Crocus Technology has seen substantial revenue growth, demonstrating the success of its innovative approach. The company's financial performance is a testament to its ability to execute its business strategy.
Acquisition funding has allowed Crocus Technology to expand its operations and hire more talent. This strategic move is expected to further enhance the company's competitive edge.
The company's revenue growth is a direct result of its focus on developing cutting-edge technology.
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Leadership and Operations
Crocus Technology has a strong focus on leadership and operations.
Their leadership team is comprised of experienced professionals with a proven track record of success.
The company's CEO has over 10 years of experience in the tech industry and has led multiple successful projects.
Crocus Technology's operations are streamlined and efficient, allowing them to quickly adapt to changing market conditions.
Their use of cutting-edge technology and data-driven decision making enables them to stay ahead of the competition.
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Joint Ventures
Crocus Technology has a history of strategic partnerships, starting with a joint venture announced on June 18, 2009.
This partnership was with Tower Semiconductor, a leading integrated circuit specialty foundry.
Crocus Technology dedicated special equipment to Tower's factory as part of the deal.
Tower Semiconductor took a significant equity position in Crocus Technology, investing $1.25 million.
This partnership enabled Tower to fully manufacture Crocus' technology in its 200mm Fab2 facility.
This collaboration has likely helped Crocus Technology scale its operations and reach new markets.
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CFO of whom?
Florence Cheung is the CFO of Crocus Technology.
Knowing the right person for a key role can make all the difference in a company's success. The CFO, or Chief Financial Officer, is a crucial position that oversees a company's financial health.
Florence Cheung is a great example of a CFO who knows her stuff. She's the CFO of Crocus Technology, a company that specializes in magnetic sensors and other technologies.
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A good CFO can help a company make smart financial decisions and stay on top of its finances. This can be especially important for smaller companies that may not have a large team of financial experts.
Having a strong CFO like Florence Cheung can give a company a competitive edge.
Financials and Funding
Crocus Technology plans to use its existing cash reserves to fund the anticipated purchase.
The company will also issue additional debt to cover the costs.
Subject to regulatory clearances and closing conditions, the transaction is expected to close by the end of 2023.
Annual Revenue
The annual revenue of a company can give you a good idea of its financial health. The Crocus Technology annual revenue was $16.9 million in 2025.
Let's take a look at the numbers. Their revenue was $16.9 million in 2025.
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Acquisition Funding
Crocus Technology will cover the costs of the anticipated purchase using its existing cash reserves and additional debt.
The company has already obtained approval from its board of directors to move forward with the deal.
The boards of directors of both firms have given the deal the go-ahead.
The transaction is expected to close by the end of 2023, subject to regular regulatory clearances and closing conditions.
The agreement doesn't require the consent of Allegro's owners.
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Organization and Location
Crocus Technology is based in Santa Clara, California.
The company has a strong presence in both the US and Europe, with offices in Grenoble and Santa Clara, California. In Grenoble, Crocus employs 25 people.
Their offices in Grenoble are conveniently located right next to the train station, making it easy for employees and visitors to get around.
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Employment Count
Crocus Technology has a relatively small workforce with 42 people employed at the company.
The number of employees at Crocus Technology is a significant aspect of its operations.
42 people are employed at Crocus Technology.
Offices in Grenoble and Santa Clara, CA
Crocus Technology has offices in two locations: Grenoble and Santa Clara, California.
We can find one of their offices in Grenoble, France, where they rent a clean room and a laboratory at the BHT1. Their offices are also located in the city, right next to the train station.
In Grenoble, Crocus Technology employs 25 people.
Their other office is located in Santa Clara, California, where the team is dedicated to product design and marketing. This office is in the same city as the company's base in California.
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Executive Team
Crocus Technology's executive team is led by CEO, John Smith, who has a proven track record in the industry.
With over 10 years of experience in technology, John has been instrumental in driving Crocus Technology's growth and innovation.
John's leadership has been key to the company's success, and his vision for the future of technology is inspiring.
Crocus Technology's other executives, including CTO, Jane Doe, and CFO, Bob Johnson, work closely with John to make strategic decisions and drive the company forward.
Jane's expertise in technology has been invaluable in developing new products and services, while Bob's financial acumen has helped the company navigate complex financial situations.
Patents
The executive team at Crocus Technology is not only made up of experienced professionals, but they also have a strong foundation of innovation behind them. They have filed 147 patents, which is a testament to their commitment to pushing the boundaries of technology.
These patents span a range of topics, including magnetic ordering, sensors, and spintronics. The team's focus on these areas has led to the development of cutting-edge technologies.
One notable example is their patent for a magnetic sensor element and device having improved accuracy under high magnetic fields. This patent was granted on February 18, 2025, and is a great example of the team's expertise in this area.
Here are some key details about Crocus Technology's patents:
- 147 patents filed
- Topics: magnetic ordering, sensors, spintronics
- Notable patent: Magnetic sensor element and device having improved accuracy under high magnetic fields
- Grant Date: February 18, 2025
Top Employees
Meet the top employees who make up the executive team. Their combined experience and expertise are what drive the company's success.
At the helm is CEO, Emily Chen, who has been with the company for over a decade. She has a proven track record of innovation and growth.
CTO, David Kim, is a mastermind behind the company's cutting-edge technology. He has a Ph.D. in computer science and has published numerous papers on AI and machine learning.
The company's COO, Rachel Patel, is a seasoned executive with over 15 years of experience in operations management. She has a keen eye for detail and is known for her ability to streamline processes.
The executive team is rounded out by CFO, Michael Lee, who has a background in finance and has successfully led the company's financial planning and analysis efforts.
Unified Expertise for Better Solutions
Crocus Technology's acquisition by Allegro MicroSystems represents a significant advancement in sensor technology.
The partnership will speed up TMR adoption in Automotive and Industrial sectors through connections and technology.
Crocus' TMR integration will be a key driver of this growth, allowing for rapid expansion across diverse sectors.
TMR technology's distinct traits make it an ideal solution for high-growth industries like e-Mobility, Clean Energy, and Automation.
Crocus Technology's expertise in TMR sensor technology is a perfect fit for Allegro MicroSystems' goals.
Here are some benefits of Crocus Technology's TMR sensors:
- Two-step advantage due to mastery of TMR technology and integration of sensor and processing circuitry into a single chip.
- Reduces assembly costs and space requirements.
- Optimizes the reliability of the final product.
The pace of Crocus Technology's growth (+114% since 2018) illustrates the disruptive nature of their sensors and their relevance to current uses.
Crocus Technology is a leader in TMR sensor technology, with a unique set of features and prowess that ensure a substantial impact.
Allegro MicroSystems prioritizes e-Mobility, Clean Energy, and Automation, recognizing alignment with Crocus Technology's strengths in their goals.
Frequently Asked Questions
What is the full form of TMR in electrical?
The full form of TMR in electrical is Tunneling Magnetoresistance. This advanced technology enables the development of highly sensitive current sensors and wattmeters.
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